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See the Top Ten List of fastest growing chains with less than 50 units. Click>>>
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Since December, 2013- More than 70,000 restaurants have closed their doors. How clean is your list?
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Growing Concepts of Multi Unit Operators
Concepts that have grown by at least 5% (if less than 50 units).
Las Vegas, NV-based FELLINI\’S ITALIAN RESTAURANT has increased by 1 unit, from 3 to 4 (33% company growth), with the addition of a new concept called Tap House. Other concepts are Fellini’s Italian Restaurant (1), Salvatore’s Italian Cuisine (1), and The Italian-American Club Restaurant (1). These are upscale Italian concepts, open for dinner. Per person check average is $15-$50+, serving full bar. Seating is for about 100 and banquet services are available. All the restaurants are in NV.
New York, NY-based SHAKE SHACK (founded 2004) has increased by 23 units, from 23 to 46 (100% growth) and entered into NJ. This is a fast casual burger restaurant, open for lunch and dinner. Per person price range is $6-$15+, serving beer and wine. Average seating is for about 100. Catering is available. Trading areas are CT, DC, FL,MA, NY, PA, the Middle East and Europe. Shake Shack is a subsidiary of Union Square Hospitality.
LEAL\’S MEXICAN RESTAURANT of Clovis, NM (founded 1957) has increased by 1 unit, from 7 to 8 (14% growth). These are casual restaurants with seating for around 150. Beer and wine are served. Meal periods are lunch and dinner. Per person check average is around $6-$15+. Catering is offered. Locations are in NM and TX.
LEEANN CHIN INC based in Bloomington, MN (founded 1980) has increased by 10 units, from 153 to 163 (7% overall company growth). The Leeann Chin concept has grown from 46 to 51 (11% concept growth). These are fast casual Chinese restaurants with seating for around 80. Meal periods are lunch and dinner. Beer and wine are served. Per person check average is around $4-$12+. Catering is offered. Other company concepts have unit changes also: Pick UpStix has increased by 2 units from 69 to 71 (3% growth) and Mandarin Express has increased by 4 units, from 35 to 39 (11% growth). Chin\’s Asia has decreased from 3 to 2 (33% growth).
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Emerging and Re-emerging Concepts
Concepts with 20 units or less who grew by at least 2 units.
New York, NY-based LUKE\’S LOBSTER (founded 2009) has increased by 3 units, from 9 to 12 (33% growth). This is a family/casual seafood concept, open for lunch and dinner. Per person check average is $10-$30+, serving beer and wine. Locations have limited seating for around 20. Catering is available. Trading areas are DC, MD, NY, and PA.
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Repeat Growers
Concepts previously written about in the past 18 months.
Dallas, TX-based DALLAS RESTAURANT GROUP (founded 2005) has increased by 1 unit for the Chop House Burger concept, from 1 to 2 (100% concept growth). Other company concepts include Dallas Chop House (1), Dallas Fish Market (1), and Wild Salsa (1). Overall company increase was from 4 to 5 (25% growth). These are upscale steak and seafood concepts, open for lunch and dinner. Per person check average is $15-$50+, with full bar and seating for about 225. Catering and banquet services are available. All the restaurants are in TX. We last wrote about this company on 7/17/13 (33% growth).
Phoenix, AZ-based FEZ has increased by 1 unit, from 4 to 5 (25% company growth), with the addition of a new concept called Pizza People Pub. Other concepts are Bliss Rebar (1), Fez (1), Metropolis (1), and Switch Restaurant Bar (1). The restaurants are family/casual, open for lunch and dinner, serving multiple cuisine types. Per person check average is $8-$20+, with full bar service and seating for around 150. Catering and online ordering options are available. All locations are in AZ. We wrote about this company on 1/7/14 (33% growth).
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